BERLIN: Germany on Wednesday took a step towards forcing companies to take responsibility for any labour or environmental abuses in their global supply chain, with a new law that allows for fines worth millions of euros.
The law was spurred on by a deadly fire in a textile factory in Pakistan and a devastating dam collapse at a Brazilian iron ore mine that killed more than 250 people both of which had links to German companies.
In a bid to prevent repeats of such workplace disasters, Chancellor Angela Merkel’s cabinet agreed on the new rule which provides for companies with annual revenues of 400 million euros ($484m) or more to be fined up to two per cent of that amount if their contractors abroad are found to breach human rights or environmental rules.
Germany to fine companies for rights violations abroad
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Germany to fine companies for rights violations abroad
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Germany to fine companies for rights violations abroad
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.